Latest Business News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

A government-appointed commission recommended on Saturday that Germany shut its coal-fired power plants by 2038 at the latest and proposed at least 40 billion euros ($45.7 billion) in aid for the affected regions.

RWE, Germany's biggest electricity producer, said it would thoroughly review the impact of proposals by a government-appointed commission for how to phase out coal, adding fully exiting the fuel by 2038 was too early.

The killing of Jamal Khashoggi and Yemen's war have hurt Saudi Arabia's reputation, the chairman of BAE Systems told Sky News, adding Britain as a "critical friend" could help Riyadh refocus on the development push it was making before those crises emerged.

Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the planned phase-out.

China has appointed banking veteran Yi Huiman to head the China Securities Regulatory Commission (CSRC), putting governance of the nation's stock markets in his hands at a time when investor confidence has been hit by a slowing economy and U.S. tariffs.

Thyssenkrupp has no plans to sell its elevators business, its chief executive told a German newspaper, also saying that a current plan to split the group in two would sufficiently boost its equity and capital base.

Central banks may be about to face one of their biggest challenges yet: Global economic growth is slowing, but they have struggled to build up their policy arsenals since the last crisis to effectively deal with another one.

General Electric Co is advising some buyers of its big power turbines to switch out faulty blades sooner than expected and has disclosed that a blade broke in 2015, according to a presentation reviewed by Reuters and people briefed on the matter.

Wall Street indexes rose and bond yields followed stocks higher on Friday after U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown and as investors reacted to corporate earnings reports.

Venezuela's most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to be removed and its revenues diverted to an opposition government, sources close to the talks said.

MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a U.S. government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday.

U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever.

This weekend marks a year since the start of one of most comprehensive global bear markets on record, but just as the developing world's equity indexes were first to fold last year, now they are leading the charge back up.

Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid growth, three sources with direct knowledge of the matter said.

India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit.